‘Sheltering in Place’ has created many changes to people’s living situation. It has allowed employees of many Bay Area companies to work remotely, and it’s now very common to see people move out of state and take early retirement. Employees with corporate jobs have also been able to expand their commute travel radius (1-2 hrs away), as work policies now allow employees to come in to office with less frequency. Families look for more space to live, work, play and teach and they’re finding that this new remote “work from home” is an excellent opportunity to love where they live and that means with more room and yard space!
In previous videos, I have discussed the fact that Santa Cruz County is gaining wealth from neighboring counties, such as from Santa Clara, Alameda, and San Mateo. With much reluctancy from laid back beach locals, those that wish to take their equity and move are grateful that their little Santa Cruz beach bungalows are catching a pretty penny for retirement this high equity growth is across the country!) Here’s another example of a Santa Cruz multigenerational home and why they’re terrific options. Click here
In this strong sellers market with record low inventory, many smart homeowners are preparing their home to sell this year to take advantage of the opportunity.
Here’s a home I toured yesterday in Aptos, perfect for multigenerational family or someone who’s wishing for a downstairs rental for passive income. Cabrillo College is only 9 mins away and a 1BD/1BA would fetch average $2K/month.
Aptos is a great community – good schools, variety of shops and restaurants and only 8 minutes away from one of my favorite beach, Beer Can Beach!
I hope you enjoy my quick YouTube video tour of 129 Lyle Ct Aptos.
If you’re interested in learning more about multigenerational homes or looking for a beach community, ask me, I’d love to help you find your next home!
Call quickly for more information
I’ll help you write up a winning offer.
Here’s an example how my Intero office in Los Altos partnered with Summitry and assisted a client with her property inheritance, click here.
Let me know if you’d like to discuss further and I can provide an introduction, it’s very simple and there’s no obligation, just good information for our clients.
I’m here to help, always, in anyway I can. Cheers, Lynne
Lynne Watanabe-MacFarlane, MCDM, SRES, SRS
- Master of Communication Digital Media/Marketing, University of Washington, Seattle
- Senior Real Estate Specialist – Advance Certification, National Association of Realtors
- Seller Representative Specialist – Advance Certification, National Association of Realtors
PFAC Silicon Valley affiliate (Professional Fiduciary Association of California) #1631
Professional Real Estate Association memberships:
- National Association of Realtors
- California Association of Realtors
- Silicon Valley Association of Realtors
Intero Real Estate Services | Berkshire Hathaway affiliate
As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The National Association of Home Builders (NAHB) reports:
“Second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales.”
It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent survey from The Harris Poll:
“Social distancing taught consumers new things about how they like to socialize; (75%) said, ‘during COVID social distancing I realized I preferred smaller social gatherings at home or at friends’ place.’”
Not only are vacation homes seen as a potentially more pandemic-friendly way to travel and socialize, but they can also serve as an extended home-away-from-home. With more Americans being given the option to continue working remotely or retire earlier than expected, vacation homes can be used year-round. The NAHB explains:
“Remote work arrangements have made it possible for some wealthier Americans to move to alternate locations that are not just small, suburban shifts from within their current metro area. More fundamentally, second home demand may also be benefitting by an acceleration of retirement plans, as well as stock market gains.”
The demand for vacation homes has increased and will continue to rise as we head into summer. If you own a house in a destination area and have thought about selling, now is a great time to take advantage of today’s high buyer interest. Let’s connect to discuss your opportunities in our local market.
Call me or text me anytime!
Lynne Watanabe MacFarlane, MCDM, SRES Realtor
Intero | Berkshire Hathaway affiliate
PFAC Silicon Valley affiliate
Silicon Valley to Monterey Bay – We’ve got you covered!
“How much is my home worth” or https://sfbay.areahomevalues.net/
Would it be ridiculous to consider a second home, a vacation rental property near the beach for your future retirement? I love living in Santa Cruz county, in August the homes were 4.6% less expensive compared to last year, and there were 7% MORE homes available for sale compared to same time last year – What does this mean? Buyers have a greater selection of homes to chose from, so if you or someone you know is considering a condo or single family home let me introduce the many great communities that I proudly call home.
Click HERE for a real-time, interactive Market Report for Condos in the Santa Cruz area
HERE for the Condos in the Capitola area
HERE for the Condos in Aptos area
Let me know if you’re interest in another areas.
Life is good “on the other side of the hill!”
Don’t hesitate to reach out to discuss your retirement vision for your dream place in the sun!
831.346.2743 Call or text Lynne